returning. >> we see peaks and we're not seeing as many valleys. >> reporter: the president's proposed tax writeoffs could mean a new delivery truck, maybe even a new stove. but she's not ready to hire new workers, not yet. >> the economy, though it's not a swift recovery, we feel it's not continuing to go off the cliff. >> reporter: not going off a cliff may be the new economic norm in california. lee cowan, nbc news, los angeles. hurdling along to the east coast now, hurricane igor, thousands of miles out to sea, and that's a good thing, because it's a category 4 so far, second most powerful storm there is. sustained winds of 150 miles an hour at the core. nasa has an incredible view of it from space tonight. this is a monster with a well defined eye. big enough storm that it would stretch from dallas, texas, to washington, d.c. it could strengthen to a category 5, but may skirt bermuda with strong winds.